LendInvest has speeded up its buy-to-let lending thanks to a recent integration with software provider eTech.
The online property lender said that eTech’s buy-to-let hub holds landlords’ entire portfolios in one system that can be shared with other lenders. This means brokers don’t have to re-upload their buy-to-let portfolios into every lender’s system, as they are just kept in one place on the eTech system.
LendInvest said eTech cuts down the number of uploads on an application, reducing time and human error and gives brokers a wider choice of different lenders in a system they are more familiar with.
The online lender, which floated on the stock market last month, said that brokers can either use the lender’s own system or eTech.
“We know how one error can derail an application for a couple of days, so minimising the chances of that happening is beneficial to your lender, yourself and ultimately your client,” LendInvest said in a blog on its website.
“We haven’t integrated eTech as a replacement for our built-in portfolio uploads, but rather as another option for brokers using our portal. Our upload options remain simple and quick to use, now you just have more choice.
“In a lending marketplace with lots of different processes, eTech’s portfolio management system is a commonly-used approach that gives brokers familiarity.
“This means you don’t have to learn every different process different lenders use to upload your client’s portfolios, saving yourself time on your first upload and every subsequent one.”
Last month, LendInvest described how it changed its buy-to-let criteria, including for tier two borrowers and multi-unit freehold block cases, as a result of broker feedback.